Impact of Unemployment on Society

Topics: Unemployment, Inflation, Jobless recovery Pages: 3 (1005 words) Published: November 2, 2010
“A man willing to work, and unable to find work, is perhaps the saddest sight that fortune’s inequality under this sun.- Thomas Carlyle” ( online). To be considered unemployed, is a person looking for a paying job, but is unable to find one. Unemployment is becoming an epidemic that is affecting America at an alarming rate. Most employed people don’t know how hard an unemployed person has to live, they have to worry about providing for their family, and paying their bills. They have an everyday struggle. The countries unemployment rate is currently 9.70% as of march 2010, and Michigan’s unemployment rate is 14.1%. Many economists predict that the effect of unemployment has changed the inflation rate led to an unstable market (Parks/online). Unemployment has made a very huge impact on America’s society.

According to economists there are four types of unemployment; structural, cyclical, frictional, and seasonal. “Structural unemployment is an unemployment that comes from their being an absence of demand for the workers that are available.” (Moffatt/online) Getting fired due to the current recession is what cyclical unemployment is. Season unemployment is unemployment due to changes in the weather. When people move between jobs, this can be referred to as frictional unemployment. This is the basic kinds of unemployment that can affect an individual. All these types of unemployment can have impact dealing with a person.

Unemployment can affect a person’s psychological state of mind. The unemployed person’s life can change in a very big way. Just the thought of you losing your job can be overwhelming. The unemployment individual can manifest themselves in depression, alcohol and drug abuse and even suicide (Peregoy and Schliebner/online). To conclude, unemployment can have a huge impact on your psychological state of mind.

Unemployment also has an impact on crime. Some laws are made to increase jobs and it has a positive effect on...
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